# Cove Street Capital, LLC

> Institutional holdings reported to the SEC as of Q3 2025 on Form 13F. CIK 1531612. Source: https://holderbook.com/funds/1531612-cove-street-capital-llc/

- Reported value: $76.6M
- Positions: 96
- Weight of the ten largest: 47.1%
- Filed: 2025-11-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| AMERICAN VANGUARD CORP | [AVD](https://holderbook.com/stocks/AVD/) | $8.0M | 1,398,986 | 10.5% | 8 |
| RESEARCH SOLUTIONS INC | [RSSS](https://holderbook.com/stocks/RSSS/) | $5.0M | 1,335,627 | 6.5% | 20 |
| SIX FLAGS ENTERTAINMENT CORP | [FUN](https://holderbook.com/stocks/FUN/) | $4.6M | 204,414 | 6.1% | 5 |
| VIASAT INC | [VSAT](https://holderbook.com/stocks/VSAT/) | $3.5M | 118,932 | 4.6% | 28 |
| ECOVYST INC | [ECVT](https://holderbook.com/stocks/ECVT/) | $2.7M | 313,713 | 3.6% | 17 |
| STONEX GROUP INC | [SNEX](https://holderbook.com/stocks/SNEX/) | $2.6M | 26,084 | 3.4% | 21 |
| CLEAR CHANNEL OUTDOOR HLDGS | [CCO](https://holderbook.com/stocks/CCO/) | $2.6M | 1,642,567 | 3.4% | 3 |
| CLIMB GLOBAL SOLUTIONS INC | [CLMB](https://holderbook.com/stocks/CLMB/) | $2.5M | 18,865 | 3.3% | 19 |
| ADVANCE AUTO PARTS INC | [AAP](https://holderbook.com/stocks/AAP/) | $2.3M | 36,993 | 3.0% | 6 |
| NEWMARKET CORP | [NEU](https://holderbook.com/stocks/NEU/) | $2.1M | 2,582 | 2.8% | 18 |
| OUTFRONT MEDIA INC | [OUT](https://holderbook.com/stocks/OUT/) | $2.1M | 112,859 | 2.7% | 2 |
| WEX INC | [WEX](https://holderbook.com/stocks/WEX/) | $2.0M | 12,851 | 2.6% | 3 |
| I3 VERTICALS INC | [IIIV](https://holderbook.com/stocks/IIIV/) | $2.0M | 60,222 | 2.6% | 4 |
| PEOPLE INC | [PPLI](https://holderbook.com/stocks/PPLI/) | $1.9M | 56,268 | 2.5% | 15 |
| WHITE MTNS INS GROUP LTD | [WTM](https://holderbook.com/stocks/WTM/) | $1.8M | 1,083 | 2.4% | 28 |
| CLARIVATE PLC | [CLVT](https://holderbook.com/stocks/CLVT/) | $1.7M | 452,462 | 2.3% | 6 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $1.6M | 56,120 | 2.1% | 15 |
| VIEMED HEALTHCARE INC | [VMD](https://holderbook.com/stocks/VMD/) | $1.5M | 219,848 | 1.9% | 25 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $1.5M | 15,424 | 1.9% | 11 |
| TRIPLE FLAG PRECIOUS METAL | [TFPM](https://holderbook.com/stocks/TFPM/) | $1.5M | 49,712 | 1.9% | 8 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $1.4M | 13,243 | 1.9% | 28 |
| COMPASS MINERALS INTL INC | [CMP](https://holderbook.com/stocks/CMP/) | $1.4M | 71,417 | 1.8% | 28 |
| ENOVIS CORPORATION | [ENOV](https://holderbook.com/stocks/ENOV/) | $1.3M | 44,442 | 1.8% | 14 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $1.3M | 68,032 | 1.7% | 15 |
| AVANOS MED INC | [AVNS](https://holderbook.com/stocks/AVNS/) | $1.3M | 112,081 | 1.7% | 3 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $1.2M | 14,020 | 1.5% | 23 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.1M | 2,280 | 1.5% | 23 |
| ANIKA THERAPEUTICS INC | [ANIK](https://holderbook.com/stocks/ANIK/) | $958.4K | 101,956 | 1.3% | 3 |
| SCRIPPS E W CO OHIO | [SSP](https://holderbook.com/stocks/SSP/) | $876.8K | 356,437 | 1.1% | 28 |
| SIMPLIFY EXCHANGE TRADED FUN | [MTBA](https://holderbook.com/stocks/MTBA/) | $765.6K | 15,205 | 1.0% | 5 |
| IZEA WORLDWIDE INC | [IZEA](https://holderbook.com/stocks/IZEA/) | $676.5K | 181,860 | 0.9% | 2 |
| BRITISH AMERN TOB PLC | [BTI](https://holderbook.com/stocks/BTI/) | $648.7K | 12,221 | 0.8% | 4 |
| PIMCO ETF TR | [MINO](https://holderbook.com/stocks/MINO/) | $619.2K | 13,665 | 0.8% | 2 |
| GLOBAL INDEMNITY GROUP LLC | [GBLI](https://holderbook.com/stocks/GBLI/) | $544.6K | 18,746 | 0.7% | 21 |
| CABLE ONE INC | - | $430.8K | 500,000 | 0.6% | 1 |
| NRC HEALTH | [NRC](https://holderbook.com/stocks/NRC/) | $417.1K | 32,634 | 0.5% | 2 |
| ISHARES TR | [IDV](https://holderbook.com/stocks/IDV/) | $411.6K | 11,261 | 0.5% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $395.9K | 1,200 | 0.5% | 5 |
| RED VIOLET INC | [RDVT](https://holderbook.com/stocks/RDVT/) | $383.3K | 7,335 | 0.5% | 7 |
| SIMPLIFY EXCHANGE TRADED FUN | [CDX](https://holderbook.com/stocks/CDX/) | $379.8K | 16,577 | 0.5% | 1 |
| PARK AEROSPACE CORP | [PKE](https://holderbook.com/stocks/PKE/) | $376.2K | 18,495 | 0.5% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $364.6K | 1,500 | 0.5% | 5 |
| SPDR SERIES TRUST | [SPAB](https://holderbook.com/stocks/SPAB/) | $364.6K | 14,100 | 0.5% | 5 |
| ISHARES TR | [FLOT](https://holderbook.com/stocks/FLOT/) | $311.6K | 6,099 | 0.4% | 5 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $310.8K | 600 | 0.4% | 5 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $305.6K | 1,200 | 0.4% | 5 |
| STAR GROUP L P | [SGU](https://holderbook.com/stocks/SGU/) | $302.8K | 25,600 | 0.4% | 28 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $300.1K | 5,000 | 0.4% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $232.7K | 1,060 | 0.3% | 5 |
| VITESSE ENERGY INC | [VTS](https://holderbook.com/stocks/VTS/) | $206.7K | 8,900 | 0.3% | 11 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $192.9K | 940 | 0.3% | 5 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $185.2K | 800 | 0.2% | 28 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $180.3K | 3,730 | 0.2% | 2 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $164.8K | 855 | 0.2% | 5 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $142.3K | 4,500 | 0.2% | 5 |
| WELLS FARGO & CO | [WFCPRL](https://holderbook.com/stocks/WFCPRL/) | $142.1K | 115 | 0.2% | 28 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $124.2K | 800 | 0.2% | 28 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $121.9K | 2,400 | 0.2% | 5 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $120.8K | 270 | 0.2% | 5 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $115.0K | 180 | 0.2% | 5 |
| KBR INC | [KBR](https://holderbook.com/stocks/KBR/) | $108.8K | 2,300 | 0.1% | 21 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $107.2K | 800 | 0.1% | 28 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $99.1K | 720 | 0.1% | 5 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $97.3K | 260 | 0.1% | 5 |
| WATSCO INC | [WSO](https://holderbook.com/stocks/WSO/) | $97.0K | 240 | 0.1% | 5 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $93.9K | 275 | 0.1% | 5 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $89.1K | 220 | 0.1% | 5 |
| SIMPLIFY EXCHANGE TRADED FUN | [RFIX](https://holderbook.com/stocks/RFIX/) | $88.6K | 2,075 | 0.1% | 3 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $84.9K | 175 | 0.1% | 5 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $82.3K | 165 | 0.1% | 5 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $77.8K | 315 | 0.1% | 5 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $73.4K | 260 | 0.1% | 5 |
| CTO RLTY GROWTH INC NEW | [CTO](https://holderbook.com/stocks/CTO/) | $68.6K | 4,199 | 0.1% | 19 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $62.5K | 315 | 0.1% | 5 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $62.4K | 125 | 0.1% | 5 |
| GREAT ELM CAP CORP | [GECC](https://holderbook.com/stocks/GECC/) | $61.1K | 6,100 | 0.1% | 10 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $57.8K | 505 | 0.1% | 5 |
| CHURCH & DWIGHT CO INC | [CHD](https://holderbook.com/stocks/CHD/) | $57.0K | 650 | 0.1% | 5 |
| ZEBRA TECHNOLOGIES CORPORATI | [ZBRA](https://holderbook.com/stocks/ZBRA/) | $53.5K | 180 | 0.1% | 5 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $51.1K | 453 | 0.1% | 5 |
| ALLIANCE RESOURCE PARTNERS L | [ARLP](https://holderbook.com/stocks/ARLP/) | $50.6K | 2,000 | 0.1% | 6 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $32.4K | 200 | 0.0% | 24 |
| SERITAGE GROWTH PPTYS | [SRG](https://holderbook.com/stocks/SRG/) | $21.7K | 5,103 | 0.0% | 1 |
| OCTAVE SPECIALTY GROUP INC | [OSG](https://holderbook.com/stocks/OSG/) | $15.5K | 1,861 | 0.0% | 1 |
| TREDEGAR CORP | [TG](https://holderbook.com/stocks/TG/) | $14.7K | 1,829 | 0.0% | 4 |
| BOSTON OMAHA CORP | [BOC](https://holderbook.com/stocks/BOC/) | $11.2K | 860 | 0.0% | 6 |
| INNOVATIVE SOLUTIONS & SUPPO | [ISSC](https://holderbook.com/stocks/ISSC/) | $10.8K | 867 | 0.0% | 13 |
| CLARUS CORP NEW | [CLAR](https://holderbook.com/stocks/CLAR/) | $10.5K | 3,005 | 0.0% | 5 |
| MGP INGREDIENTS INC NEW | [MGPI](https://holderbook.com/stocks/MGPI/) | $10.0K | 415 | 0.0% | 2 |
| UNIFI INC | [UFI](https://holderbook.com/stocks/UFI/) | $6.7K | 1,406 | 0.0% | 1 |
| SIFCO INDS INC | [SIF](https://holderbook.com/stocks/SIF/) | $6.5K | 923 | 0.0% | 4 |
| SAN JUAN BASIN RTY TR | [SJT](https://holderbook.com/stocks/SJT/) | $6.1K | 1,002 | 0.0% | 1 |
| UTAH MED PRODS INC | [UTMD](https://holderbook.com/stocks/UTMD/) | $5.5K | 87 | 0.0% | 4 |
| PRECISION OPTICS CORP INC MA | [POCI](https://holderbook.com/stocks/POCI/) | $5.5K | 1,254 | 0.0% | 3 |
| GOLDEN ENTMT INC | [GDEN](https://holderbook.com/stocks/GDEN/) | $4.7K | 198 | 0.0% | 2 |
| GREAT ELM GROUP INC | [GEG](https://holderbook.com/stocks/GEG/) | $2 | 1 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2025 | +19.1% | +7.8% | +11.2% | 100% |
| Q2 2025 | +7.1% | +10.5% | -3.3% | 100% |
| Q1 2025 | -2.6% | -4.6% | +2.0% | 100% |
| Q4 2024 | +4.5% | +2.1% | +2.3% | 100% |
| Q3 2024 | +2.9% | +5.4% | -2.5% | 94% |
| Q2 2024 | -9.9% | +4.0% | -13.9% | 100% |
| Q1 2024 | -0.6% | +10.0% | -10.6% | 98% |
| Q4 2023 | +10.4% | +11.2% | -0.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2025 | $76.6M | 96 |
| Q2 2025 | $68.2M | 97 |
| Q1 2025 | $63.7M | 98 |
| Q4 2024 | $85.7M | 94 |
| Q3 2024 | $127.7M | 99 |
| Q2 2024 | $139.3M | 78 |
| Q1 2024 | $316.0M | 71 |
| Q4 2023 | $326.9M | 70 |
| Q3 2023 | $295.7M | 81 |
| Q2 2023 | $322.3M | 80 |
| Q1 2023 | $335.4M | 83 |
| Q4 2022 | $366.7M | 81 |